The EUR/USD pair is seen extending its consolidated mode seen into the European session, after having peaked just shy of the mid-point of 1.04 handle. EUR/USD: 1.0400 back on sight? Currently, EUR/USD trades +0.09% higher to 1.0435, heading for a test of daily lows struck earlier at 1.0421. The recovery in the US dollar versus its major rivals is seen gaining traction in early Europe, exerting fresh selling pressure on the EUR/USD pair as we head into a data-light European session.Read more
The dollar was lower Thursday ahead of U.S. data as the euro held above $1.04 with eyes on Monte dei Paschi. The dollar index was off 0.08% at 102.94 at 02:15 ET ahead of U.S. Q3 GDP data. Durable goods United States Core Durable Goods Orders MoM Upcoming Release: Dec 22, 2016 Forecast: 0.2% Previous: 0.8% and jobless claims data are also due for release.Read more
The New Zealand dollar moved higher against its U.S. counterpart on Thursday, helped by upbeat New Zealand economic growth data, while the Australian dollar was steady in pre-Christmas holiday-thinned trade. NZD/USD rose 0.23% to 0.7325, still close to Tuesday’s six-month low of 0.6879. Statistics New Zealand earlier reported that the country’s gross domestic product increased by 1.1% in the third quarter, beating expectations for a 0.9% rise. New Zealand’s economy grew 0.9% in the second quarter, whose figure was revised from a previously estimated growth rate of 0.9%.Read more
TOKYO (Reuters) - The dollar lost some steam on Thursday, slipping from its 14-year-high against a basket of currencies as investors took profits before a batch of U.S. economic data due later in the day is published. The dollar index (DXY), which measures the greenback against six major rivals, dipped 0.1 percent to 102.96. It has receded from the 103.65 marked on Tuesday, its highest since December 2002. Still, the dollar's decline was limited as the Federal Reserve signaled more frequent rate hikes in 2017, partly on expectations for faster economic growth under the incoming Trump Administration.Read more
China's money markets are bracing for a rough transition into 2017 as a traditional year-end cash deficit coincides with heavy capital outflows and a disruptive bond default that are creating sporadic cash shortages and ramping up counterparty risk. Reports of brokerage Sealand Securities' <000750.SZ> default on a bond transaction with a bank couldn't have come at a worse time, sowing distrust and wariness in a market that was already stressed. Sealand, which is being investigated by the securities regulator, said on Wednesday it will take responsibility for what it called forged bond agreements.Read more
The dollar hovered near a 14-year high against the euro on Wednesday, supported by expectations of U.S. interest rates rising more rapidly during the incoming Trump Administration. In thin trading ahead of year-end holidays, the euroRead more
last stood at $1.0413 after slipping below $1.0352 on Tuesday, a level last seen in January 2003.
The weak euro helped to push the dollar's trade-weighted index against a basket of six major currencies (DXY) <=USD> to touch 103.65, also a 14-year high. The index was last at 103.30.
Federal Reserve Bank Chairwoman Janet Yellen's comments yesterday afternoon about the improving jobs market in the U.S. continued to move the market in currencies today, traders said. The dollar closed up against the euro, at 1.038, up against the yen at 117.90, and down against the pound at 1.235. At just after 3 p.m. today, the GBP/USD and the EUR/USD were down. The price of the pound/dollar pairing was at 1.2367, down 0.24%. The price of the euro/dollar exhange rate was 1.0388, down 0.13%. The USD/JPY was up, at 117.78, an increase of 0.68%. The greenback had reached a 14-year high on intraday trading.Read more